There Will Be an Increase in Supply When

question 305

Multiple Choice

There will be an increase in supply when

• A) a consumer's income increases.
• B) there is an improvement in technology.
• C) the demand curve shifts.
• D) the market price rises from $3 to $4.

---

Definitions:

Intimate Group

A small, close-knit group characterized by strong emotional ties, warmth, and a high degree of personal interaction.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Material Resources

Tangible assets and resources such as cash, real estate, and personal property that can be used to achieve goals or meet needs.

Family's Function

The various roles and responsibilities families perform, such as emotional support, socialization, and providing for members' physical needs, contributing to the well-being and continuation of society.